Just reduced the price of this 6 unit property with potential residential financing in Lake Balboa in Van Nuys west of the 405.
$1,650,000
Details:
- Current cap rate is 4.87% and pro forma cap rate is 7.4%
- Corner lot 4-plex with 2 new ADUs, total 6 units
- Potential residential financing for 6 units
- Close to the Woodley Lakes/Van Nuys Golf Course, Sepulveda Basin, The Japanese Garden and Balboa Lake Market rents on four units are approximately double the current rent with additional utility income
Please contact Will Tiao at (323) 363-1096 or will@tiaoproperties.com.
